It is your responsibility to provide a fair representation of insurance risk on the basis of an adequate search for information. This may require you to receive information from senior executives in your organization or other parties to whom insurance relates or who perform outsourcing functions for your business. You must disclose all the important circumstances that you know or if you need to know, or if not, to inform your insurer that they must make other requests. You must ensure that all the information you have provided is correct in your soul and conscience and that the people you give in expectation or faith must be done in good faith. If you do not expose the risk fairly, this may result in additional conditions or guarantees at the beginning of the policy or a proportionate reduction in the payment of the claim. In some cases, this may lead to the cancellation of your policy by an insurer and the reimbursement of your premiums. Any deliberate or reckless breach of the fair presentation obligation may result in your policy being cancelled by an insurer without a premium refund. If you are a commercial customer, your insurance is based on the information provided to the insurance company. This means that you must make a “fair presentation of risk” and let insurers know before your insurance policy is put in place or renewed, anything that could influence an insurer`s judgment in setting the premium, determining the conditions or determining to take the risk. We participate in the Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the system if we are unable to meet our obligations. It depends on your legal status, the nature of the transaction and the circumstances of the claim. The obligation to provide terms and conditions is consistent with Principle 7 (communication with customers).
You acknowledge and accept that you have no right to take legal action against us and not against individual collaborators or advisors that we have mandated. Our liability for losses resulting from the provision of our services, whether in the contract, in the case of an unlawful act (including negligence), derite obligations or otherwise (including our liability for the acts or omissions of our management, staff and designated agents, are limited to USD 200,000 per right in all circumstances.